The timing when I invested truly into Steem was probably a snipe for once in a lifetime. I kind of was sitting with a bunch of money but not quite ready to invest in any crypto since it all was in a downfall.
When Steem hit 14 cents I went all in and I gotta admit it was a pretty good hit since Steem only bottomed out on 10-11 cents and since then remained above my entry-point. Oh boy was I looking forward to seeing how this investment would payout in the future.
I didn't, however, expect Justin to buy take over Steemit, I didn't expect the whole chain to fall apart and I did most certainly not expect to get airdropped 50k Hive a few months later.
Reinvesting everything into Hive
*** I feel like I could have gone two roads on this one, either take the money off Steem and let my original 50k HP stay on Hive, practically taking my investment expenses home.Or I could double down and try to effectively double my Hive.
I don't really need that money right now, so I might as well put them to good use on Hive and try to sprint for those 100k hives. (At the current Steem vs Hive price levels, this is indeed possible.) I still after another 38k SP sitting, slowly getting powered down.
I gotta admit the greed is real, but it makes a lot of sense when you take a step back and look at it objectively:
+ Large curation rewards Since it's 50/50 on curation/author, stacking SP rather than posting makes a lot of sense).
+Innovative DHF(Decentralized Hive Fund) Probably the one I'm the most excited about. I love the idea that stakeholders kind of choose who should get funded with their projects. If this system could be kept healthy it has huge potential
+Communities are developing Communities are still new and with time I think many communities will start to mature and become a real asset to the blockchain. Right now they are mostly used for larger rewards from whales rather than actual communities should be, but hopefully, that can change with time.
+SMT(Smart Media Tokens) seems like still are getting developed I honestly thought this project was long gone but seems like we have dragged the development over to Hive? I still need to find more information on who is, in fact, developing it but it's still worth as a + in my book.
+The crypto world are more aware of Hive. Since the scandals of steem and the migration to Hive it seems like we got a lot more attention out there. It also seem like Twitter is Hives new weapon to stay visible.
+I like the Logo and the name "Hive" Yeah it sounds silly, right? But you have no idea how much a logo and a fitting name helps. Before "steem" kind of just seemed random, like a misspelling of steam. Hive has much more meaning to it and the logo is freaking sexy. That can go far by itself, regardless of how silly it seems
Now for the negatives:
There's always a negative side to all things.
-Sometimes top witnesses seem to act strangely. I guess that is how a political landscape is. But sometimes I feel like witnesses act a bit too much in personal agendas and feelings and not professionals who are chosen representatives of the Hive community. Don't get me wrong, many witnesses are doing a great job but sometimes they do seem to slip badly.
-Many of the above "+'s" could turn negative. As promising as DHF might seem, it could fall flat on its face and just be a system that throws money out the windows, or since most major stakeholders also are witnesses, could just use it as a way to pay their own salary. As awesome as communities might sound, it could become a stagnant thing where everyone will stick to "OCD" or "GEMS" to get those juicy votes(Yes I am one of them, who isn't?) and as hype and excitement falls away, the outer world might once again forget about us.
-Is Hive resistant?
Can't Hive get sued? I mean, people could practically be going after those who run the nodes(AKA the witnesses). Or maybe a big bag of money be able to corrupt the witnesses. Although I gotta give credit that the whole scenario with Justin Sun probably showed the bribing witnesses did not work too well for him. Still, if Hive were to grow, will it be strong enough against other giants?
I will be going with my gut feeling here and double down on Hive. in the end, for me it's all about being honest and still makes the decision that I feel the best about. We all have to make our own call in the end. I started out investing in Steem and I feel taking my profit already is a bit early, I might as well take this double Hive gift and see where it will lead!
